RTX Shares Dip on Surging Volume as Navy Awards $205M Phalanx Upgrade Contract Despite 117th Market Activity Rank

On September 8, 2025, , , ranking 117th in market activity. , an RTX subsidiary, by the U.S. Navy for continued production and upgrades of the Phalanx Close-In Weapon System (CIWS). The contract, , includes overhauls, conversions, and related equipment for the system, which serves as a critical defense mechanism against anti-ship missiles and close-range threats for U.S. Navy vessels and those of 24 allied nations.

The Phalanx system, a rapid-fire, radar-guided gun, has demonstrated operational value in real-world scenarios, . , president of Naval Power at Raytheon, emphasized the system’s role as the “last line of defense” for sailors, underscoring the Navy’s reliance on its capabilities. While the contract reinforces RTX’s position in the defense sector, the stock’s performance suggests broader market factors may have offset short-term optimism. , reflecting its scale in aerospace and defense, but investors appear cautious ahead of further developments.

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